Scalping system #6 (EMA Bands)

Thank you!

For all oanda users:

this strategy is almost perfect. please replace the candlesticks with the "middle average price" in the price view. if the price crossing the red ema (55) you can enter....

it is scalping, dont forget ! Put a SL for 10 pips (for security reasons) and TP often, including 3-5 pips per trade. 20 pips a day is enough (compounding ! some traders will kill for 20 pips a day...)

re-enter when the yellow ema´s turn back to green (retracement) - dont forget to take 3 pips again...fine ! with the TP from the first trade it is now 6 pips. time to go to the beach, you can follow later when the market is not choppy...;-)

amazing system develop

Hi Jackie,

Let's look at the screenshot on this page few comment above:

"Buy Or Sell When the Group of Ema`s Yellow Breaks Ema 55" means:

The first blue arrow points at the situation when a group of yellow moving averages has crossed (broken through) the red moving average - 55 EMA.

"Take Benefit When Yellow Group Touches The Group Green" means:

The second blue arrow points at the moment when several yellow moving averages touch green moving averages. This is the moment where we should take profits and exit.

"If The Yellow group does Pull Back in Ema 55 or In Green Group Buy or sell again" means:

This means we are looking to trade on retracement. The execution here is more of how you feel about the trend and whether it is going to continue. "Pull back in EMA 55" means that yellow moving averages for a short time return back towards 55 EMA and touch it or cross it, before resuming the trend.

"Take Profit 10 Pip in Breaks Ema 55 And take Profit 5 pips In Pull Back" means:

If you entered with the first condition: "Buy Or Sell When the Group of Ema`s Yellow Breaks Ema 55" - your profit target is 10 pips.
If you entered on the pullback of the yellow group either towards 55 EMA or towards green moving averages, your profit goal should be 5 pips.

Regards,
Edward

Hi, Edward,
i'm testing your method of my trading. what does it means by:

Buy Or Sell When the Group of Ema`s Yellow Breaks Ema 55
Take Benefit When Yellow Group Touches The Group Green.

If The Yellow group does Pull Back in Ema 55 or In Green Group Buy or sell again

Take Profit 10 Pip in Breaks Ema 55 And take Profit 5 pips In Pull Back

Jackie,

Hi Laura,

here it goes:

Regards,
Edward

Just an idea for those of us with old(er) eyesight, switch to a line or mountain chart and use the Yellow 3 and 13 with the Green 21 and 36 and Red 55 EMA's. Have I given up my Candlestick and Heiken charts? No, but I HAVE fallen in love all over again with the clarity of viewing a touch and cross of the 55 EMA by the 13!

Mia

Hi Edward,
Could You please mark area's where exactly You open a open long/short order

Regards
Laura

I have been using these ema's for a long period of time,it works ,but the entry and exit signals are the ones hard to identified,i use candles and nison advise ,but not even 70%.It is worth to look at it.The creator is a guy from australia who's name is Guppy. That's is what i was told.
You are great people, probably Christian's.

Hi Jamie,

Take 3 and 13 in yellow, 21 and 36 in green, plus 55 EMA red, so you'll have all ranges covered.

Regards,
Edward

The technical indicators in my chart and trading platform only allow for 5 EMA lines. Can this method be achieved with only setting up 5 lines and, if so, what are they?

Jamie

great system, really!

This seems like a good strategy for scalping and standard trading.
Will give it a go and post the results here.

Thanks for input guys!

Thank you for your evaluation and advice, Serge.
EMAs should be applied to close.

Regards,
Edward

Should the EMA's be applied to the open or the close?